Putnam Hartford Capital Manager

Putnam Capital Opportunities Subaccount

The subaccount seeks long-term growth of capital.

Fund description

The subaccount invests primarily in small and midsize companies, seeking hidden opportunities in stocks with growth potential that has been relatively unnoticed by investors. The portfolio can own growth and value stocks without a bias toward either style.

Sales story

Seeking opportunities in small and midsize companiesSmaller companies: Often overlooked by Wall Street analysts, the stocks of smaller companies can represent attractive opportunities to firms with strong research capabilities.A flexible strategy: The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.Differentiated research: The portfolio managers select stocks in a collaborative effort that emphasizes non-consensus critical thinking.

Lipper ranking ‡ as of 11/30/17

Category: Small-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 83% 93/112
1 yr. 100% 152/152
3 yrs. 97% 142/146
5 yrs. 98% 137/139

The subaccount invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.

‡ Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.

Quick facts as of 11/30/17

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 103
Turnover (fiscal year end) 124%
Net Assets $28M
Inception Date 05/01/03

Holdings

Top 10 holdings as of 11/30/17

Summit Materials 2.81%
Hamilton Lane 2.38%
Radian Group 2.24%
Dxc Technology 2.17%
Brunswick Corp/De 2.12%
Logmein 2.03%
Owens Corning 1.91%
Godaddy 1.79%
Everbridge 1.71%
Gaming And Leisure Properties 1.71%
Top 10 holdings, total: 20.87%

Equity Holdings as of 09/30/17

SUMMIT MATERIALS INC -CL A 2.91%
BRUNSWICK CORP 2.13%
RADIAN GROUP INC 2.04%
DXC TECHNOLOGY CO 1.97%
RPC GROUP PLC 1.83%
GAMING AND LEISURE PROPERTIE 1.73%
OWENS CORNING 1.73%
HAMILTON LANE INC-CLASS A 1.66%
CLOVIS ONCOLOGY INC 1.65%
EASTERLY GOVERNMENT PROPERTI 1.65%
GOODYEAR TIRE & RUBBER CO 1.65%
INSTRUCTURE INC 1.62%
BALL CORP 1.52%
COLONY NORTHSTAR INC-CLASS A 1.52%
EVERBRIDGE INC 1.51%
INVESTMENT TECHNOLOGY GROUP 1.50%
ANGI HOMESERVICES INC- A 1.45%
J. JILL INC 1.45%
NEW YORK REIT INC 1.43%
SANDERSON FARMS INC 1.39%
PEOPLES BANCORP INC 1.36%
ECHOSTAR CORP-A 1.35%
W.R. GRACE & CO 1.35%
REALPAGE INC 1.33%
JELD-WEN HOLDING INC 1.32%
ORION ENGINEERED CARBONS SA 1.31%
L3 TECHNOLOGIES INC 1.30%
EAST WEST BANCORP INC 1.27%
GODADDY INC - CLASS A 1.25%
WYNDHAM WORLDWIDE CORP 1.22%
EDGEWELL PERSONAL CARE CO 1.21%
SBA COMMUNICATIONS CORP 1.21%
ALLETE INC 1.15%
ASTEC INDUSTRIES INC 1.15%
JAZZ PHARMACEUTICALS PLC 1.14%
MEDICINES COMPANY 1.14%
ACLARIS THERAPEUTICS INC 1.12%
EMPLOYERS HOLDINGS INC 1.11%
FIRST REPUBLIC BANK/CA 1.10%
TERADYNE INC 1.10%
ALCOA CORP 1.09%
CSRA INC 1.07%
MALIBU BOATS INC - A 1.07%
UMPQUA HOLDINGS CORP 1.07%
SELECT MEDICAL HOLDINGS CORP 1.03%
CAVIUM INC 1.02%
J2 GLOBAL INC 1.02%
QORVO INC 1.02%
SIMPLY GOOD FOODS CO/THE 1.02%
SERVICE CORP INTERNATIONAL 0.99%
ONE GAS INC 0.97%
H AND E EQUIPMENT SERVICES INC 0.89%
ASSURED GUARANTY LTD 0.88%
DSW INC-CLASS A 0.88%
GRAPHIC PACKAGING HOLDING CO 0.88%
OSHKOSH CORP 0.88%
BURLINGTON STORES INC 0.87%
WP CAREY INC 0.80%
RIGHTMOVE PLC 0.78%
LIVE NATION ENTERTAINMENT IN 0.74%
PACWEST BANCORP 0.74%
ALNYLAM PHARMACEUTICALS INC 0.72%
OGE ENERGY CORP 0.71%
ENCANA CORP 0.70%
KANSAS CITY SOUTHERN 0.69%
SMITH (A.O.) CORP 0.67%
DAVE & BUSTER'S ENTERTAINMEN 0.66%
OLD NATIONAL BANCORP 0.65%
PUMA BIOTECHNOLOGY INC 0.65%
MULESOFT INC -A 0.64%
ARRAY BIOPHARMA INC 0.62%
MBIA INC 0.62%
PARSLEY ENERGY INC-CLASS A 0.62%
PACIRA PHARMACEUTICALS INC 0.60%
PENUMBRA INC 0.60%
BIO-RAD LABORATORIES-A 0.58%
GENMARK DIAGNOSTICS INC 0.58%
PROTHENA CORP PLC 0.57%
BIOVERATIV INC 0.56%
NUVISTA ENERGY LTD 0.56%
SEVEN GENERATIONS ENERGY - A 0.56%
TEXAS CAPITAL BANCSHARES INC 0.54%
POPULAR INC 0.48%
SELECT ENERGY SERVICES INC-A 0.40%
PATTERSON-UTI ENERGY INC 0.39%
RADIUS HEALTH INC 0.39%
HANNON ARMSTRONG SUSTAINABLE 0.36%
TARGA RESOURCES CORP 0.36%
WPX ENERGY INC 0.35%
DICKS SPORTING 0.34%
OCEANEERING INTL INC 0.30%
RICE ENERGY INC 0.25%
NRG ENERGY INC 0.24%
CALIFORNIA WATER SERVICE GRP 0.23%

Full Portfolio Holdings as of 09/30/17

SUMMIT MATERIALS INC -CL A 2.91%
BRUNSWICK CORP 2.13%
RADIAN GROUP INC 2.04%
DXC TECHNOLOGY CO 1.97%
RPC GROUP PLC 1.83%
GAMING AND LEISURE PROPERTIE 1.73%
OWENS CORNING 1.73%
HAMILTON LANE INC-CLASS A 1.66%
CLOVIS ONCOLOGY INC 1.65%
EASTERLY GOVERNMENT PROPERTI 1.65%
GOODYEAR TIRE & RUBBER CO 1.65%
INSTRUCTURE INC 1.62%
BALL CORP 1.52%
COLONY NORTHSTAR INC-CLASS A 1.52%
EVERBRIDGE INC 1.51%
INVESTMENT TECHNOLOGY GROUP 1.50%
ANGI HOMESERVICES INC- A 1.45%
J. JILL INC 1.45%
NEW YORK REIT INC 1.43%
SANDERSON FARMS INC 1.39%
PEOPLES BANCORP INC 1.36%
ECHOSTAR CORP-A 1.35%
W.R. GRACE & CO 1.35%
REALPAGE INC 1.33%
JELD-WEN HOLDING INC 1.32%
ORION ENGINEERED CARBONS SA 1.31%
L3 TECHNOLOGIES INC 1.30%
EAST WEST BANCORP INC 1.27%
GODADDY INC - CLASS A 1.25%
WYNDHAM WORLDWIDE CORP 1.22%
EDGEWELL PERSONAL CARE CO 1.21%
SBA COMMUNICATIONS CORP 1.21%
ALLETE INC 1.15%
ASTEC INDUSTRIES INC 1.15%
JAZZ PHARMACEUTICALS PLC 1.14%
MEDICINES COMPANY 1.14%
ACLARIS THERAPEUTICS INC 1.12%
EMPLOYERS HOLDINGS INC 1.11%
FIRST REPUBLIC BANK/CA 1.10%
TERADYNE INC 1.10%
ALCOA CORP 1.09%
CSRA INC 1.07%
MALIBU BOATS INC - A 1.07%
UMPQUA HOLDINGS CORP 1.07%
SELECT MEDICAL HOLDINGS CORP 1.03%
CAVIUM INC 1.02%
J2 GLOBAL INC 1.02%
QORVO INC 1.02%
SIMPLY GOOD FOODS CO/THE 1.02%
SERVICE CORP INTERNATIONAL 0.99%
ONE GAS INC 0.97%
H AND E EQUIPMENT SERVICES INC 0.89%
ASSURED GUARANTY LTD 0.88%
DSW INC-CLASS A 0.88%
GRAPHIC PACKAGING HOLDING CO 0.88%
OSHKOSH CORP 0.88%
BURLINGTON STORES INC 0.87%
WP CAREY INC 0.80%
RIGHTMOVE PLC 0.78%
LIVE NATION ENTERTAINMENT IN 0.74%
PACWEST BANCORP 0.74%
ALNYLAM PHARMACEUTICALS INC 0.72%
OGE ENERGY CORP 0.71%
ENCANA CORP 0.70%
KANSAS CITY SOUTHERN 0.69%
POWERSHARES S&P SC INDUSTRIA 0.68%
SMITH (A.O.) CORP 0.67%
DAVE & BUSTER'S ENTERTAINMEN 0.66%
OLD NATIONAL BANCORP 0.65%
PUMA BIOTECHNOLOGY INC 0.65%
MULESOFT INC -A 0.64%
ARRAY BIOPHARMA INC 0.62%
MBIA INC 0.62%
PARSLEY ENERGY INC-CLASS A 0.62%
PACIRA PHARMACEUTICALS INC 0.60%
PENUMBRA INC 0.60%
BIO-RAD LABORATORIES-A 0.58%
GENMARK DIAGNOSTICS INC 0.58%
PROTHENA CORP PLC 0.57%
BIOVERATIV INC 0.56%
NUVISTA ENERGY LTD 0.56%
SEVEN GENERATIONS ENERGY - A 0.56%
TEXAS CAPITAL BANCSHARES INC 0.54%
POPULAR INC 0.48%
SELECT ENERGY SERVICES INC-A 0.40%
PATTERSON-UTI ENERGY INC 0.39%
RADIUS HEALTH INC 0.39%
HANNON ARMSTRONG SUSTAINABLE 0.36%
TARGA RESOURCES CORP 0.36%
WPX ENERGY INC 0.35%
DICKS SPORTING 0.34%
OCEANEERING INTL INC 0.30%
RICE ENERGY INC 0.25%
NRG ENERGY INC 0.24%
CALIFORNIA WATER SERVICE GRP 0.23%
EMIN RUSSELL 2000 DEC17 RTYZ7 0.03%
S&P MID 400 EMINI DEC17 FAZ7 0.01%
SEE 20180119 C 50.00BCBP 0.01%
S&P500 EMINI FUT DEC17 ESZ7 0.00%
SEE 20180119 C 55.00BCBP 0.00%

Prior top 10 holdings

Top 10 holdings as of 11/30/17
1: Summit Materials 2.81%
2: Hamilton Lane 2.38%
3: Radian Group 2.24%
4: Dxc Technology 2.17%
5: Brunswick Corp/De 2.12%
6: Logmein 2.03%
7: Owens Corning 1.91%
8: Godaddy 1.79%
9: Everbridge 1.71%
10: Gaming And Leisure Properties 1.71%
Holdings represent 20.87% of portfolio
Top 10 holdings as of 10/31/17
1: Summit Materials 2.88%
2: Radian Group 2.31%
3: Dxc Technology 2.12%
4: Brunswick Corp/De 1.95%
5: Owens Corning 1.86%
6: Gaming And Leisure Properties 1.73%
7: Hamilton Lane 1.68%
8: Easterly Government Properties 1.63%
9: Oshkosh Corp 1.61%
10: Instructure 1.60%
Holdings represent 19.37% of portfolio
Top 10 holdings as of 09/30/17
1: Summit Materials 2.91%
2: Brunswick Corp/De 2.13%
3: Radian Group 2.04%
4: Dxc Technology 1.97%
5: Rpc Group 1.83%
6: Hamilton Lane 1.75%
7: Gaming And Leisure Properties 1.73%
8: Owens Corning 1.73%
9: Easterly Government Properties 1.65%
10: Goodyear Tire Rubber The 1.65%
Holdings represent 19.39% of portfolio
Top 10 holdings as of 08/31/17
1: Summit Materials 2.74%
2: Brunswick Corp/De 2.08%
3: Dxc Technology 2.03%
4: Radian Group 1.98%
5: Gaming And Leisure Properties 1.91%
6: Rpc Group 1.81%
7: Jazz Pharmaceuticals 1.77%
8: Owens Corning 1.77%
9: Hamilton Lane 1.70%
10: Easterly Government Properties 1.67%
Holdings represent 19.46% of portfolio

Portfolio Composition as of 11/30/17

Common stock 96.91%
Cash and net other assets 3.09%

Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

Top Industry Sectors as of 11/30/17

Information technology 19.06%
Financials 16.74%
Consumer discretionary 11.28%
Materials 10.93%
Health care 10.56%
Industrials 10.17%
Real estate 7.61%
Energy 4.30%
Utilities 3.22%
 
Other
6.13%
Cash and net other assets 3.09%
Consumer staples 3.04%